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Stock market could see a meltdown over trade war fears The stock market is seeing red over trade war fears — and Wall Street veterans say US marts could be headed for a "meltdown." The Dow Jones industrial average was down 380 points, or 1.6 percent, at 11:15 a.m. Friday, continuing the sell-off spurred by President Trump's announcement Thursday that ...
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TOM LEE: Markets are overreacting to the threat of a trade war Ryan Detrick, a senior market strategist at LPL Financial, gave more context to the outsized move. He tweeted that in the four days through Thursday, the S&P 500 shed more than 1% for three straight days and was positive once; this has only happened twice before, in October 2008 and October 2002.
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6 Reasons for Another $6 Trillion Stock Market Meltdown They thought there was no risk," Blackstone (BX - Get Report) market sage Byron Wien recently told TheStreet. "The correction taught them that there is risk. I don't think they fully learned their lesson though. Now that the market has turned around so sharply, everyone is complacent again. I think they ...
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It all falls down: Wall Street hit by trade, rate fears Overvalued stock markets. Heightened volatility. Sounds eerily familiar (from someone who started his career on October 19th, 1987!)." If the market's gyrations are making you nauseous, you're not alone. The market rallied more than 1 percent last Friday and on Monday. Then, it was followed by three ...
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US stock indexes turn mixed following "trade war" talk NEW YORK — U.S. stock indexes were mixed in midday trading on Friday after paring sharp losses from earlier. It's the latest dizzying swing in a whirlwind week dominated by fears about a possible trade war and a more aggressive Federal Reserve. When U.S. markets opened for trading, the Standard ...
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Puerto Rico's 'shortsighted' fiscal plan totally 'misses the mark' For the process to work, the Rosselló Administration must be more transparent and include all parties involved if they are going to lay out a clear path for the island to regain access to capital markets, a crucial step for Puerto Rico's struggling economy. Puerto Rico's economy, with the right plan, could ...
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